By a continuing process of inflation governments can confis… - John Maynard Keynes

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By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens . . . The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose

John Maynard Keynes

inflation economic-law wealth-destruction government-abuse

English

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About John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.

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Alternative Names: Lord Keynes • Baron Keynes of Tilton • John Maynard Keynes, 1st Baron Keynes • Keynes

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John Kenneth Galbraith Friedrich Hayek Robert Heilbroner Winston Churchill Thomas Sowell

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By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens . . . The… - John Maynard Keynes

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